An agreement on Brexit divorce terms helped spur gains in global stock markets and U.K. lenders Friday shortly ahead of a key reading on the U.S. labor market.

The Stoxx Europe 600 rose 0.8% midday, led by a 2.8% rise in the banking sector, its biggest component. Stocks in Japan and Hong Kong ended sharply higher while futures pointed to a 0.2% opening rise for the S&P 500 after it snapped its longest losing streak…